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    1 - Linear - Regression - Ipynb - Colaboratory

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    duryodhan sahoo
    (1) The document describes using linear regression to predict home prices based on square footage of homes in Monroe Township, New Jersey. It provides sample home price and square footage data in a table and scatter plot. (2) A linear regression model is created using Scikit-learn to fit a linear equation to the sample data and predict prices. (3) The model is used to predict prices for homes with 3300 sq ft of area and 5000 sq ft of area.

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    © All Rights Reserved
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    1 - Linear - Regression - Ipynb - Colaboratory

    Uploaded by

    duryodhan sahoo
    177 views7 pages
    (1) The document describes using linear regression to predict home prices based on square footage of homes in Monroe Township, New Jersey. It provides sample home price and square footage data in a table and scatter plot. (2) A linear regression model is created using Scikit-learn to fit a linear equation to the sample data and predict prices. (3) The model is used to predict prices for homes with 3300 sq ft of area and 5000 sq ft of area.

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    1_linear_regression.ipynb - Colaboratory

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    (1) The document describes using linear regression to predict home prices based on square footage of homes in Monroe Township, New Jersey. It provides sample home price and square footage data in a table and scatter plot. (2) A linear regression model is created using Scikit-learn to fit a linear equation to the sample data and predict prices. (3) The model is used to predict prices for homes with 3300 sq ft of area and 5000 sq ft of area.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    177 views7 pages

    1 - Linear - Regression - Ipynb - Colaboratory

    Uploaded by

    duryodhan sahoo
    (1) The document describes using linear regression to predict home prices based on square footage of homes in Monroe Township, New Jersey. It provides sample home price and square footage data in a table and scatter plot. (2) A linear regression model is created using Scikit-learn to fit a linear equation to the sample data and predict prices. (3) The model is used to predict prices for homes with 3300 sq ft of area and 5000 sq ft of area.

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    You are on page 1of 7

    Machine Learning With Python: Linear Regression With One

    Variable

    Sample problem of predicting home price in monroe, new jersey (USA)

    Below table represents current home prices in monroe township based on square feet area,
    new jersey

    Problem Statement: Given above data build a machine learning model that can predict home
    prices based on square feet area

    You can represent values in above table as a scatter plot (values are shown in red markers).
    After that one can draw a straight line that best fits values on chart.
    You can draw multiple lines like this but we choose the one where total sum of error is
    minimum
    You might remember about linear equation from your high school days math class. Home
    prices can be presented as following equation,

    home price = m * (area) + b

    Generic form of same equation is,

    import pandas as pd

    import numpy as np

    from sklearn import linear_model

    import matplotlib.pyplot as plt

    df = pd.read_csv('homeprices.csv')

    df

    area price

    0 2600 550000

    1 3000 565000

    2 3200 610000

    3 3600 680000

    4 4000 725000

    %matplotlib inline

    plt.xlabel('area')

    plt.ylabel('price')

    plt.scatter(df.area,df.price,color='red',marker='+')

    <matplotlib.collections.PathCollection at 0x25c8eb78d68>

    new_df = df.drop('price',axis='columns')

    new_df

    area

    0 2600

    1 3000

    2 3200

    3 3600

    4 4000

    price = df.price

    price

    0 550000

    1 565000

    2 610000

    3 680000

    4 725000

    Name: price, dtype: int64

    # Create linear regression object
    reg = linear_model.LinearRegression()

    reg.fit(new_df,price)

    LinearRegression(copy_X=True, fit_intercept=True, n_jobs=None,

    normalize=False)

    (1) Predict price of a home with area = 3300 sqr ft

    reg.predict([[3300]])

    array([628715.75342466])
    reg.coef_

    array([135.78767123])

    reg.intercept_

    180616.43835616432

    Y = m * X + b (m is coefficient and b is intercept)

    3300*135.78767123 + 180616.43835616432

    628715.7534151643

    (1) Predict price of a home with area = 5000 sqr ft

    reg.predict([[5000]])

    array([859554.79452055])

    Generate CSV file with list of home price predictions

    area_df = pd.read_csv("areas.csv")

    area_df.head(3)

    area

    0 1000

    1 1500

    2 2300

    p = reg.predict(area_df)

    array([ 316404.10958904, 384297.94520548, 492928.08219178,

    661304.79452055, 740061.64383562, 799808.21917808,

    926090.75342466, 650441.78082192, 825607.87671233,

    492928.08219178, 1402705.47945205, 1348390.4109589 ,

    1144708.90410959])

    area_df['prices']=p

    area_df

    area prices

    0 1000 3.164041e+05

    1 1500 3.842979e+05

    2 2300 4.929281e+05

    3 3540 6.613048e+05

    4 4120 7.400616e+05

    5 4560 7.998082e+05

    6 5490 9.260908e+05

    7 3460 6.504418e+05

    8 4750 8.256079e+05

    9 2300 4.929281e+05

    10 9000 1.402705e+06

    11 8600 1.348390e+06

    12 7100 1.144709e+06

    area_df.to_csv("prediction.csv")

    Exercise

    Predict canada's per capita income in year 2020. There is an exercise folder here on github
    at same level as this notebook, download that and you will find
    canada_per_capita_income.csv file. Using this build a regression model and predict the per
    capita income fo canadian citizens in year 2020

    Answer

    41288.69409442
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